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Re: Yhoo 3 of 3

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On Tue, 16 Dec 1997, Greatelto wrote:
> the downside.  But regardless, I understand shorting etc., and I will always
> contend that being long and short at the same time borders on lunacy, unless
> of course, it is for tax purposes, which is "short against the box."

It is not lunacy at all if you are following volatile issues. You have an 
opportunity to make money (eventually, time horizon in months, not days) 
on the highs and lows. I think CSCO at 80 is a good example. It will 
trend toward 90 and drop into the 70's during the next panic.